Allowance (Accrual System) Sample Clauses

Allowance (Accrual System). A regular full-time employee will be credited with eight hours of paid sick leave each month. The employee will be credited on the first day of the month after it has been earned.
AutoNDA by SimpleDocs
Allowance (Accrual System). A full-time employee will be credited with paid vacation leave on a bi-weekly basis starting from the date of hire in accordance with the following schedule. An employee may take vacation leave only after it has been credited. A newly hired employee may not use accumulated vacation leave credits until after completion of six months of service. A part-time employee is not eligible for paid vacation leave but may be allowed to take time off without pay provided the employee has prior approval from the Chief of Police. CREDITS PER PAY PERIOD Upon hire 4 hours (equals 104 hours/year) Upon start of 3rd year of service 5 hours (equals 130 hours/year) Upon start of 6th year of service 6 hours (equals 156 hours/year) For example, an employee who has completed two years of continuous service on February 26th will see an increase in the number of hours credited from four hours per pay period to five hours per pay period in the pay period following February 26th; similarly, an employee who has completed six years of continuous service on September 5th will see an increase from five hours per pay period in the pay period following September 5th.
Allowance (Accrual System). A regular full-time employee will be credited with paid vacation time on a monthly basis starting from the date of hire in accordance with the following schedule. CREDITS PER MONTH Upon hire 6.67 hours (equals 80 hours/year) Upon start of 10th year of service 10.00 hours (equals 120 hours/year) Upon start of 12th year of service 10.83 hours (equals 130 hours/year) Upon start of 13th year of service 11.67 hours (equals 140 hours/year) Upon start of 14th year of service 12.50 hours (equals 150 hours/year) Upon start of 15th year of service 13.33 hours (equals 160 hours/year) For example, an employee who has completed nine years of continuous service on February 26th will see an increase in the number of hours credited from 6.67 hours per month to 10 hours per month on March 1st; similarly, an employee who has completed fourteen years of continuous service on September 5th will see an increase from 12.5 hours per month to 13.33 hours per month on October 1st.
Allowance (Accrual System). A full-time employee will be credited with paid vacation time on a monthly basis starting from the date of hire in accordance with the following schedule. A part-time employee who is regularly scheduled to work at least twenty-five hours per week will be credited with paid vacation leave prorated by the average number of hours the employee normally works in a month. CREDITS PER MONTH (40 hour workweek) CREDITS PER MONTH (35 hour workweek) Upon hire 6.67 hours (equals 80 hours/year) 5.83 hours (equals 70 hours/year) Upon start of 5th year of service 10.00 hours (equals 120 hours/year) 8.75 hours (equals 105 hours/year) Upon start of 10th year of service 13.33 hours (equals 160 hours/year) 11.66 hours (equals 140 hours/year) Upon start of 18th year of service (only if hired before 1-1-2007) 16.66 hours (equals 200 hours/year) 14.58 hours (equals 175 hours/year) Upon start of 25th year of service (only if hired before 1-1-2007) 20.00 hours (equals 240 hours/year) 17.50 hours (equals 210 hours/year) For example, an employee who has completed four years of continuous service on February 26th will see an increase in the number of hours credited from 6.67 hours per month to 10 hours per month on March 1st; similarly, an employee who has completed nine years of continuous service on September 5th will see an increase from 10 hours per month to 13.33 hours per month on October 1st.
Allowance (Accrual System). For an employee hired before June 1, 2006, such employee will be credited on June 1, 2006 with all the vacation time earned in 2005 and thereafter will be credited with paid vacation time on a monthly basis starting from the date of hire in accordance with the following schedule. CREDITS PER MONTH Upon hire 8.00 hours (equals 96 hours/year) Upon start of 5th year of continuous service 11.33 hours (equals 136 hours/year) Upon start of 10th year of continuous service 14.66 hours (equals 176 hours/year) Upon start of 21st year of continuous service (hired before 6-1-2006 only) .67 additional hours for each year over twenty years of service For example, an employee who has completed four years of continuous service on February 26th will see an increase in the number of hours credited from 8 hours per month to 11.33 hours per month on March 1st; similarly, an employee who has completed nine years of continuous service on September 5th will see an increase from 11.33 hours per month to 14.66 hours per month on October 1st. For an employee hired on or after June 1, 2006, such employee will be credited with paid vacation time on a monthly basis starting from the date of hire in accordance with the following schedule. CREDITS PER MONTH Upon hire 6.67 hours (equals 80 hours/year) Upon start of 5th year of continuous service 10.00 hours (equals 120 hours/year) Upon start of 10th year of continuous service 13.33 hours (equals 160 hours/year)

Related to Allowance (Accrual System)

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Vacation Accumulation (a) Vacations are not cumulative from year to year.

  • Annual Leave Accrual If an employee leaves State Classified employment and is later rehired, he/she shall accrue annual leave at the same rate as a new hire. However, once a rehired employee has been in pay status for five (5) years, all previous service time shall be credited for annual leave accrual. The only exception shall be for employees rehired who repay severance pay received.

  • Maximum Accumulation Maximum accumulation amounts apply only to the amount of annual leave that may be carried over from one leave year to the next, and do not limit accumulated leave balances during the leave year.

  • Interest Accrual Each Class of Notes will accrue interest on its Note Balance for each Interest Period until the Note Balance has been paid in full at a rate per annum equal to its Note Interest Rate for that Interest Period. Interest on the Class A-1 and Class A-2b Notes will be calculated for each Interest Period on the basis of the actual number of days in the Interest Period and a 360-day year. Interest on the Notes (other than the Class A-1 and Class A-2b Notes) for each Interest Period will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Interest on each Note for each Interest Period will be due and payable on the related Payment Date.

Time is Money Join Law Insider Premium to draft better contracts faster.